Whether you are a financial institution, local or foreign bank, multinational company, professional services firm or government body, our Financial Services Litigation practice provides comprehensive dispute management and resolution services for the banking and financial services sector, whether by litigation or international commercial arbitration or assistance in regulatory investigations.

Our clients include major local and foreign financial institutions—including all three Singapore banking giants, DBS Bank, OCBC Bank and United Overseas Bank—as well other panel banks such as The Islamic Bank of Asia, Unicredit Bank AG, Royal Bank of Scotland NV, VTB Bank and Standard Chartered Bank. Our experienced team has also provided counsel to JP Morgan Chase, Bank Julius Baer, Pictet, Macquarie Bank and Citibank.

Banking and finance dispute resolution is not just about debt collection or security enforcement, rely on a team with deep experience covering collateral management agreements, multi-currency loans, share finance trading, trade finance facilities, all forms of securities, letters of credit, performance bonds, standby off-take agreements and bills of exchange. We handle a whole range of issues relating to fraud, forgery, Shari’ah financing, authority, agency, breach of mandate, accessory liability, insolvency clawbacks like undue preference, proprietary and priority issues in insolvency, judicial management and schemes of arrangements.

Our expertise services includes:

• Accessory liability
• Banker and customer disputes
• Debt recovery
• Enforcement of security
• Inter creditor disputes
• Letters of credit
• Performance bonds
• Proprietary and priority issues

We act quickly and decisively to protect your interests, obtaining preemptive remedies where appropriate. Rely on our team to handle your pressing litigious issues both in Singapore and abroad.

Insights

Crystallising the floating charge to preserve your clear interest – Looking beyond the crystal ball

October 31, 2018

In Jurong Aromatics Corp Pte Ltd (receivers and managers appointed) and others v BP Singapore Pte Ltd and another matter [2018] SGHC 215, the Singapore High Court considered the effect of a no-assignment clause and a no-charging clause on a pre-existing fixed charge and/or crystallised floating charge over the chargor’s assets, and how this affected the chargee’s rights in an insolvency setoff situation.

“Limited recognition” of foreign insolvency proceedings in Singapore where the circumstances warrant it

March 15, 2018

Creditors and anyone seeking recognition of foreign insolvency proceedings in Singapore should consider how the presence of an injunction or an adverse court order may affect the chances of successful recognition.

Upholding parties' agreement to arbitrate and case management of claims against multiple defendants

July 12, 2016

The appellant, Maybank Kim Eng Securities Pte Ltd (Kim Eng) had commenced an action against its customer and her husband-remisier. The High Court’s Assistant Registrar (AR) ordered a stay of proceedings against both the customer and her husband-remisier. On appeal to the High Court, Kim Eng did not appeal against the decision with respect to the customer. The issue on appeal was whether the court should exercise its case management powers to uphold the stay of proceedings against the customer’s husband-remisier as ordered by the AR, pending the resolution of the related arbitration between Kim Eng and its customer. The judge affirmed the AR’s exercise of the case management powers developed by the Court of Appeal in Tomolugen Holdings Ltd and another v Silica Investors Ltd and other appeals [2016] 1 SLR 373 (Tomolugen) and upheld the stay of proceedings, thus dismissing the appeal.

View all Insights for Financial Services Litigation in Singapore